ETF Evaluator:
TCW Securitized Income ETF (TIZE)
Follow This ETF
(as of )
Best Performing in Securitized Bond - Diversified Over the Last Year
| 5.4% | Obra Opportunistic Structured Prdcts ETF (OOSP) |
| 4.4% | Obra High Grade Structured Products ETF (OGSP) |
| 3.9% | Nuveen Securitized Income ETF (NSCI) |
| 2.7% | Virtus Newfleet Securitized Income ETF (VABS) |
| 2.6% | Touchstone Securitized Income ETF (TSEC) |
Risk
Index
Risk
Index
ETF Details
TCW Securitized Income ETF Overview
TCW Securitized Income ETF (TIZE) is an actively managed Taxable Bond Securitized Bond - Diversified exchange-traded fund (ETF). TCW launched the ETF in 2021.
The investment seeks to maximize current income and achieve above average long-term total return.
The fund invests, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in debt securities issued by securitized vehicles and similar instruments. It will invest in securities that are issued or guaranteed by the U.S. government or by any of its agencies or instrumentalities and those issued by non-governmental entities, as well as unguaranteed securities issued by private entities.
About TCW Securitized Income ETF (TIZE)
There are 4 members of the management team with an average tenure of 2.78 years: Bryan Whalen (2026), Peter Van Gelderen (2023), Elizabeth Crawford (2021) and Palak Pathak (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and ICE BofA LD US ABS & CMBS Eql Par TR USD index with a weighting of 100%. TCW Securitized Income ETF has 231 securities in its portfolio. The top 10 holdings constitute 15.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is considered to have an ESG focus with its investment selection and management.
TCW Securitized Income ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. TCW Securitized Income ETF has 3.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 98.0% (94.1% domestic bond, 3.9% foreign bond and 0.0% convertible bond). TCW Securitized Income ETF has 2.0% of the portfolio in cash.
Assets Under Management
The fund has $23 million in total assets, which is below the $704 million average for the Securitized Bond - Diversified category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
TIZE Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The TCW Securitized Income ETF expense ratio is average compared to funds in the Securitized Bond - Diversified category. TCW Securitized Income ETF has an expense ratio of 0.40%, which is 3% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. TCW Securitized Income ETF has a portfolio turnover rate of 353%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 158% for the Securitized Bond - Diversified category.
Recently, in the month of September 2026, TCW Securitized Income ETF returned -1.4%, which earned it a grade of C, as the Securitized Bond - Diversified category had an average return of -1.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
TCW Securitized Income ETF has a trailing yield of 4.29%, which is below the 5.40% category average.
The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
TCW Securitized Income ETF Grades
Year to date, the ETF has returned -0.9%, 0.3 percentage points worse than the category, which translates into a grade of C. The fund has returned 0.8% over the past year (grade of C), 8.2% over the past three years (grade of A) and 1.2% per year over the past five years (grade of C).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about TCW Securitized Income ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
TIZE Trailing NAV Total Returns Data as of 9/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TIZE Return (NAV) | -1.4% | -2.1% | 0.8% | 8.2% | 1.2% | na |
| TIZE Return (Price) | -0.9% | -1.7% | 1.2% | 8.4% | 1.3% | na |
| NAV +/- Price Return | -0.467% | -0.464% | -0.477% | -0.171% | -0.096% | na |
| Securitized Bond - Diversified Avg | -1.7% | -1.8% | 0.9% | 5.9% | 1.0% | 2.5% |
| TIZE Grade (NAV) | C | C | C | A | C | na |
| +/- Category (NAV) | 0.3% | -0.3% | -0.2% | 2.2% | 0.2% | na |
| TIZE Tax-Cost Ratio | na | na | 1.7% | 2.3% | 1.8% | na |
TIZE Annual NAV Total ReturnsData as of 9/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TIZE Return (NAV) | -0.9% | 8.5% | 8.4% | 6.2% | -14.0% | na | na | na | na | na | na |
| TIZE Return (Price) | -0.4% | 8.5% | 8.4% | 6.2% | -14.0% | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.550% | 0.000% | 0.000% | 0.000% | 0.000% | na | na | na | na | na | na |
| Securitized Bond - Diversified Avg | -0.6% | 7.8% | 5.3% | 6.6% | -11.6% | 1.6% | 2.9% | 6.7% | 1.5% | 4.3% | 3.5% |
| TIZE Grade (NAV) | C | A | A | C | F | na | na | na | na | na | na |
| +/- Category | -0.3% | 0.8% | 3.1% | -0.4% | -2.4% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.00 |
| R-Squared: | 92% |
| Standard Deviation: | 5.9% |
| Category Risk Index: | 1.19 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 0.49 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 4.3% |
| Total Assets: | $ 23 Mil |
| Share Class Assets: | $ 23 Mil |
| Turnover: | 353.0% |
| Expense Ratio: | 0.40% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | Yes |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 5.0 years | |||
| Average Tenure: 2.8 years | |||
| Managers (Year): Crawford Elizabeth (2021), Pathak Palak (2023), Van Gelderen Peter (2023), Whalen Bryan (2026) | |||
Portfolio Composition (as of 8/31/26)
| # of Holdings: | 231 |
| % in Top 10 Holdings: | 15.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 3.9% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 94.1% |
| Foreign Bond: | 3.9% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | TCW |
| Phone Number: | 800-386-3829 |
| Website: | |
| Inception Date: | September 30, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.40% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.41% |
